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With the tagline transforming for good- Vedanta is a globally diversified natural resources company that as per Wikipedia has revenue of nearly US $19 billion this year. Vedanta is often in headlines for a share advisable to invest in.
Earlier in the 1980s, Vedanta was a startup named Sterile Industries by D.P. Agarwal. Later, After lots of experimentation, Anil Agarwal helped made Vedanta which gained expansion and lots of profits.
Through research, discovery, acquisition and sustainable development, and utilization of natural resources, their aim is to create long-term shareholder value. More than 65,000 employees and contractors work for this corporation, which harvests minerals, oils, and gases mostly in India, Africa, Ireland, and Australia.
Accordingly, Vedanta is the first Indian business group to have global mining and metal productions. Vedanta Resources is also listed on London Stock Exchange.
As per Startup Talky, Since June 2018, Finsider International and Twinstar Holding own 50% of Vedanta Group, which is owned by 12 members of the Agarwal family. The public owns the remaining 50%. "Westglobe Limited" owns 51% of the company under "Twinstar Holdings", which owns 37%, and "Finsider International" owns about 11%.
The remaining balance of 49% is owned by mutual funds such as ICICI Prudential, foreign portfolio investors (17%), Corporate bodies (7%), LIC India (6%), Citibank New York (4%), individual retail shareholders (5%) and Citibank NYADR (4%).
As per the recent news, On Thursday when the promoter entity Twin Star sold its 4.1% stake in Vedanta for Rs 3,983 cr.Its shares slumped sharply which can be most likely due to the sale as predicted by Nuvama Quantitative Research.
Administration of the Company
The board of directors constitutes- of Anil Agarwal (Non- Executive Chairman), Naveen Agarwal(Executive Vice Chairman), Sunil Duggal (Whole Time Director&CEO), Priya Agarwal Hebbar (Non- Executive Director), Dindayal Jalan, UK Sinha, Padmini Sekhsaria, Akhilesh Joshi- (Independent Director).
Today, Vedanta accounts for approximately 1.4 percent of the country’s GDP and constantly focuses on nation-building by setting standards for corporate governance and transparency. As per Simply Wall St, Vedanta is forecasted to grow earnings and revenue by 20.3% and 2.3% per annum respectively. EPS is expected to grow by 20.2%. Return on equity is forecast to be 39.6% in 3 years.
For more information, You may have a reference from the official websites of the Bombay Stock Exchange and National Stock Exchange.
- Written by Kratika Agarwal
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